Denbury Resources Inc. (NYSE:DNR)‘s stock had its “hold” rating reissued by stock analysts at KeyCorp in a note issued to investors on Monday.

Several other equities research analysts also recently issued reports on DNR. Royal Bank Of Canada restated a “hold” rating and set a $1.50 price objective on shares of Denbury Resources in a research report on Friday, September 29th. Stifel Nicolaus set a $1.00 price objective on shares of Denbury Resources and gave the stock a “hold” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded shares of Denbury Resources from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. BidaskClub upgraded shares of Denbury Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, BMO Capital Markets set a $1.00 price target on shares of Denbury Resources and gave the company a “hold” rating in a research report on Tuesday, October 10th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Denbury Resources currently has an average rating of “Hold” and a consensus price target of $1.94.

Shares of Denbury Resources (NYSE DNR) opened at $1.88 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 5.91. Denbury Resources has a 1 year low of $0.92 and a 1 year high of $4.29.

Denbury Resources (NYSE:DNR) last issued its quarterly earnings data on Tuesday, November 7th. The oil and natural gas company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. The firm had revenue of $266.56 million during the quarter, compared to the consensus estimate of $261.84 million. Denbury Resources had a negative net margin of 32.50% and a positive return on equity of 0.28%. Denbury Resources’s revenue for the quarter was up 4.9% compared to the same quarter last year. equities research analysts forecast that Denbury Resources will post 0.04 earnings per share for the current fiscal year.

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A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Denbury Resources by 18.3% in the first quarter. Vanguard Group Inc. now owns 56,483,974 shares of the oil and natural gas company’s stock valued at $145,729,000 after acquiring an additional 8,753,615 shares during the last quarter. BlackRock Inc. increased its stake in Denbury Resources by 15,599.0% in the first quarter. BlackRock Inc. now owns 47,422,302 shares of the oil and natural gas company’s stock valued at $122,349,000 after acquiring an additional 47,120,229 shares during the last quarter. State Street Corp increased its stake in Denbury Resources by 1.8% in the second quarter. State Street Corp now owns 21,829,124 shares of the oil and natural gas company’s stock valued at $33,402,000 after acquiring an additional 380,034 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Denbury Resources by 24.5% in the second quarter. JPMorgan Chase & Co. now owns 12,097,850 shares of the oil and natural gas company’s stock valued at $18,510,000 after acquiring an additional 2,382,134 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Denbury Resources by 18.5% in the second quarter. Dimensional Fund Advisors LP now owns 10,103,099 shares of the oil and natural gas company’s stock valued at $15,458,000 after acquiring an additional 1,573,866 shares during the last quarter. 86.49% of the stock is currently owned by institutional investors and hedge funds.

Denbury Resources Company Profile

Denbury Resources Inc is an independent oil and natural gas company. The Company’s operations are focused in two operating areas: the Gulf Coast and Rocky Mountain regions. Its properties with proved and producing reserves in the Gulf Coast region are situated in Mississippi, Texas, Louisiana and Alabama, and in the Rocky Mountain region are situated in Montana, North Dakota and Wyoming.

Analyst Recommendations for Denbury Resources (NYSE:DNR)

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